Palau: Taxes on international trade

The latest value from 2020 is 12.34 percent, an increase from 11.28 percent in 2019. In comparison, the world average is 7.37 percent, based on data from 109 countries. Historically, the average for Palau from 2008 to 2020 is 11.04 percent. The minimum value, 8.45 percent, was reached in 2011 while the maximum of 13 percent was recorded in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.